Solar Panel Cost Guide in Rockport, ME (2024 Update)
- Rockport Solar Installation Cost: $14,215
- 25-Year Savings: $12,048
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Rockport
We go over average solar pricing in Rockport.
The average cost of solar panels in Rockport is 4 per watt.Using this figure, a typical 5.3-kW system would cost about $14,215 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Rockport homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront investment in solar power is worth paying. On average Rockport homeowners see about $16,000 in savings on electricity bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Rockport
| Year | Return on Investment |
|---|---|
| 1 years | $-13,077 |
| 3 years | $-10,801 |
| 5 years | $-8,524 |
| 7 years | $-6,248 |
| 9 years | $-3,971 |
| 11 years | $-1,695 |
| 13 years | $582 |
| 15 years | $2,858 |
| 17 years | $5,135 |
| 19 years | $7,411 |
| 21 years | $9,688 |
| 23 years | $11,964 |
| 25 years | $14,241 |
Top Solar Installers in Rockport
Installing solar panels by yourself can be a stressful undertaking, which is why getting a solar installer is a good option for many homeowners. The expertise that solar installers offer can be invaluable as well, particularly if you aren’t sure what kind of solar equipment would be right for your home.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Rockport
Factors that Affect Solar Panel Costs in Rockport
The cost of installing a solar system in Rockport can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Rockport homeowners opt to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s important to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Rockport is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services at different price points.Additionally, some companies in Rockport have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.95 | $16,598 | $8,815 | 16.3 years |
| 8 kW | $3.88 | $21,706 | $12,178 | 16.0 years |
| 10 kW | $3.80 | $26,600 | $15,755 | 15.7 years |
| 12 kW | $3.72 | $31,282 | $19,544 | 15.4 years |
| 14 kW | $3.65 | $35,750 | $23,547 | 15.1 years |
| 16 kW | $3.57 | $40,006 | $27,762 | 14.8 years |
| 18 kW | $3.50 | $44,050 | $32,189 | 14.4 years |
| 20 kW | $3.42 | $47,880 | $36,830 | 14.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: Before signing a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Rockport, ME Solar Cost FAQs
What is the average cost of installing solar panels in Rockport?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $19,000 for a 5-kW system and $38,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.